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EDC weighs sell, lease or renovate options for 213 Prairie after buyer withdraws
Summary
A prospective buyer for 213 Prairie withdrew; the Montgomery EDC debated cosmetic fixes, leasing, demolition for parking or continuing to market the property at a lower price. The board decided to keep the property listed while exploring lease and sale options.
The Montgomery Economic Development Corporation received an update April 21 on the status of 213 Prairie after a previously interested buyer withdrew when a larger deal presented itself. Staff said multiple parties continue to look at the property and the board discussed options including targeted exterior repairs to improve marketability, larger renovations to lease the building, razing to create parking, or continuing to market the property at a…
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